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National Accountability Bureau (NAB) Khyber Pakhtunkhwa has arrested accused Syed Muhammad Hussain Shah, Chairman, Telephone Industries of Pakistan Limited, Haripur for alleged involvement in illegal allotment of plots in Telephone Industries of Pakistan Housing Scheme and causing a loss of Rs 360 million to public exchequer. Telephone Industries of Pakistan Co-operative Housing Society/Housing Scheme is built on around 1,025 Kanals of land with approved master plan that further bifurcates between residential area 560 Kanals and area reserved for amenities 406 Kanals.
Accused Syed Muhammad Hussain Shah has allegedly changed the master plan illegally without the approval of competent authority, illegitimately converted amenity sites into residential plots of different sizes ie 5, 7, 10 and 20 Marla and issued illegally 145 allotment letters in Telephone Industries of Pakistan Housing Scheme. Accused Syed Muhammad Hussain Shah is also the beneficiary of scheme.

Copyright Business Recorder, 2016

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